The Daily Docket: Alitalia Shareholders to Vote on Bailout Plan

Alitalia’s shareholders meet Monday to vote on raising €500 million ($677 million) in a plan that could bring the Italian government back as an owner of the airline, five years after privatization of the carrier cost taxpayers billions of euros, The Wall Street Journal reports.

Detroit officials announced plans Friday to take out a $350 million bankruptcy loan from Barclays PLC in a deal that would make it the first major U.S. city to borrow money while in Chapter 9. Read the Daily Bankruptcy Review story here.

Jefferson County, Ala., leaders met this past week with J.P. Morgan Chase & Co. and others to try to redraw the terms of their proposed $1.9 billion debt settlement, in another sign that the county’s plan to get out of bankruptcy by the end of the year is in jeopardy. Read the Daily Bankruptcy Review story via WSJ.

The ownership fight at the Philadelphia Inquirer is getting ugly, writes David Carr in the New York Times.

Even one of the biggest banks in the world could be taken apart safely by U.S. government authorities if it were to fail today, according to banking regulators from the U.S. and U.K., reports Bloomberg.

About Bankruptcy Beat

From Dow Jones Daily Bankruptcy Review, exclusive coverage of corporate bankruptcies, companies headed for trouble and the latest trends in bankruptcy law, distressed investing and corporate restructuring. Lead writer Pat Fitzgerald and Daily Bankruptcy Review reporters in Washington, New York and Wilmington, Del., provide insight into the big cases, who’s next to fall and what’s making news across the bankruptcy market.